By Wendy Van Sickle
Columbus, Ohio, Feb. 21 – JPMorgan Chase Financial Co. LLC priced $90,000 of 0% uncapped dual directional contingent buffered return enhanced notes due Feb. 18, 2022 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the return of the index is positive, the payout at maturity will be par plus 2.45 times the return of the index.
If the index falls but not by more than 20%, the payout will be par plus the absolute value of the return.
If the index falls by more than 20%, investors will lose 1% for every 1% decline of the index beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped dual directional contingent buffered return enhanced notes
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| Underlying index: | Stoxx Europe 600
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| Amount: | $90,000
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| Maturity: | Feb. 18, 2022
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If the return of index is positive, par 2.45 times the return of index; if index falls but not by more than 20%, par plus the absolute value of the return; otherwise, 1% loss for every 1% decline of the index beyond 20%
|
| Initial value: | 368.94
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| Pricing date: | Feb. 15
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| Settlement date: | Feb. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48130WUR0
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